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Jan 15, 2013 7:00am EST
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
Jan 14, 2013 11:00pm EST
similar things and have also had some success in creating more monetary policy support for the economy. >> you had mentioned that there has been evidence that the longer-term interest rates have come down to the initial round. concern is that the unemployment rate remains very high and activity would try to bring that down and one would hope to see additional movements from the most recent round. are you suggesting that one would need to be patient? needs a little bit more about how you would assess how this is having the kind of effect that you would anticipate? >> well, we will be doing that on a regular basis. we will be looking at the impact on financial markets and we will see some effect there. we will look to see whether or not the labor market situation. we first started talking about a .1% on employment, there has been some movement. there was nearly 40% of the unemployed having been out of work for six months or more. that is a situation where there are too many people i can give you specific criteria except to say that we will be assessing the impact of our actions a financi
Jan 20, 2013 10:00am EST
that the slaves produced for their masters and that made up the core of the southern economy. and only slave labor, only the labor of people who were owned outright by their owners, by landowners who had no right to object, much less to refuse the conditions under which they were compelled to work, only slave labor would cultivate those crops intensively and cheaply enough to yield the tremendous profits that they did. slavery's importance to the southern elite was not simply a matter of dollars and cents. to many masters, as slave owners liked to be called, slavery appeared to be an essential, even an irreplaceable fixture of society. it was inseparable from everything that they knew and loved. it was inseparable from all aspects of what they refer to as their way of life. of course, economically but also socially and culturally. slavery was the unique basis of the particular outlook, the assumptions, the norms, the habits, the relationships to which these masters had become deeply and reflectsively attached -- reflectsively attached. it defined their culture, it shaped their religion, it even sh
Jan 15, 2013 10:00am EST
, for our economy cannot be overstated. the sovereign debt of the united states, for it to be questions that we would pay our bills or not, is not a scenario that we want to go through as a country. that would really harm us. that said, as i was coming back on the train from new york, i shared this with those with me. i said you're going down this track at 130 miles an hour. what would cause the conductor, knowing that if he veers off on this next rail to the right and pulled the switch that would cause that to happen, even if he knew it would put the train at severe risk by veering off to the right, what would be the only reason a person would go off that course rather than go straight? and the reason is that there's a larger cavern, kind of a grand canyon that we are about to go off. here's what i have concluded as a businessman and a seasoned public servant. the music will stop at some point with respect to where we are. when we are pouring $1 trillion a year, 40 cents on the dollar, you cannot do that into perpetuity. the time for leadership is right now. the time to address this is
FOX News
Jan 13, 2013 1:00pm PST
in an effort to fight lower enrollment rates due to the bad economy. is this trend going to continue? joining us to talk about it is university maryland economist peter morris se789. half of the declines, why are more young are deciding to forgo college education? >> the cost have jumped a lot and the graduates can't find jobs. there is a sense that it doesn't pay out. you get set with a lot of big loans and join the service, learn a trade. go to a community college and skip university all together. >> gregg: president obama wants everybody to go to college? >> it doesn't pay out. most stated universities offer diplomas that don't lead to a marketable skill. there are too many graduates working at starbucks these days. >> gregg: "wall street journal" analyzed this way. take a look at this. facing stagnant family income, shaky job prospects and a smaller pool of high school graduates, more schools are reining in tuition costs. is it possible that some tuition costs may actually go down, or we simply talking about slowing the rate of increase? >> i think it's slowing the rate of increase. it's
Jan 20, 2013 6:00pm EST
in the economy before he was inaugurated and nobody knew what he was going to do and people said that they should have sent signals. it would have helped the country but it seems like it helped them do a better job waiting. we've two of them for president now and the fiscal crisis and the war going on and everybody is wondering what is going to happen. what advice would you give to mccain or obama of the should do once they are elective or should they wait until they are inaugurated to say what they are going to do? >> the question is if i could repeat, another excellent question. the parallel between lincoln and fdr not doing anything in the four months that they faced the real crisis as compared to the crisis the next president will inevitably face and whether he should be involved. i will say quickly as daniel weinberg knows one of the inspirations for the book was jonathan alter's book on clinton's roosevelt first 100 days with strong sections on the president-elect and i still remember vividly which is the good thing about the book remember building reza on march 2nd or 3rd. you've got to do
Jan 15, 2013 12:00pm EST
that we have a uniform rule of economy gent circumstances. that, her suggestion complies with your objection. >> well, if i'm understanding it correctly, i think our point is this, which is that the police officers have to act reasonably in the situation. in the situation they know for sure the evidence is going to be lost, they know that every minute is critical, for example -- >> so many situations in which we require a warrant, nevertheless. when there's drug dealing in a house, every time -- it's almost a certainty that they're going to use the drugs, and that evidence is going to disappear. you rely on knowing that there's likely to be telltale signs left over. and that's the same thing you do in an alcohol situation. you rely on the testimony of the police officer, you rely on the implied consent presumption. it's not as if this is destruction of all evidence. and not like a fleeing situation where someone gets away, you have nothing left. this is vastly different. >> i mean, with respect we disagree. this evidence is critical, and the number matters. i mean, it is the case t
Jan 16, 2013 1:00am EST
that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with this plan we can have sustainable healthy ecosystems but also healthy communities. there's an essence of -- there is a form of social engineering because if you can't ensure the communities, the supermarket, the schools, the things that the communities depend on, the communities will not survive. we want to make sure we will develop a healthy system but also healthy communities that can provide those resources. we have come a long way, it is not perfect but we have a plan to achieve this sustainability and protecting the commu
Jan 14, 2013 7:00am EST
the value of my house. the economy went south on us. now the banks are sending us these low interest rates. i go back to refinance the house or remorse reached the house at 6.75%. bank tells me i do not make enough income or income to debt ratio for the house. i do make enough to pay the 6.75%. if the given the lower rate, i would be saving $1,000 a month. what can be done about that? guest: there are many, many borrowers who are having trouble refinancing their home loans. i hear from a lot of them. it is a real problem. we had a pendulum that had swung out into the wild west or anybody that was breathing got a mortgage. now it has swung the other way. the banks are being ultra cautious and requiring owners disclosures and very conservative income levels. i think there is an element of your story that questions -- does the bank wanted about the 6.75% interest that you're paying on your mortgage. that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while t
Jan 15, 2013 5:00pm EST
is greater than our nation's economy exceeding our g.d.p. and we have on the floor floor toda legislation that calls upon our children and grandchildren even greater burdens of debt. it's time to end the credit card economics. we simply cannot afford to spend money that we are borrowing from countries like china on-line items we don't need and constitution isn't authorized to spend. my amendment strips one line item out of this bill. this is really low-hanging fruit. the sandy relief effort was increased by $1 million to boost the legal services corporation, massacre aiding as disaster relief and i thought we had a ban on earmarks in this congress. why is a bailout for new york lawyers emergency hurricane relief, even if you believe this is a legitimate government program which i don't, by the way, how can you argue that spending on lawyers is a legitimate emergency spending? let me say again, for $-- we are $16 trillion in debt, we are $16 trillion in debt, america. we simply cannot afford to continue like this. we cannot keep spending on money we don't have on things we can't afford and
Jan 16, 2013 7:00am PST
and weak economies. back to you. >> mary thompson of the new york stock exchange. thank you. what is more incredible than a spectator at a basketball game sinking a half-court shot? check out what happened when atlanta hawk fan kevin went for the thousand dollar prize at half time. as you see, the ball got wedged there right between the backboard and the rim. kevin, though, did win the thousand dollars because the shot was so unbelievable, and technically the ball did make it into the basket when a hawk staffer then yanked on the net. >> go back to the beginning of that. technically, savannah just pointed out he shouldn't have gotten the money because he stepped over the line at half-court. watch closely. there, right there. i would have given it to him, savannah. >> i think we all know that i would have given it to him. just for showing up, i would have given him the thousand bucks. let's get to dylan dryer who is in for al. what a mess on the east coast this morning. >> such a mess. commuters dealing with rain, ice, sleet. we have snow across new england. it is going to be messy through
Search Results 0 to 10 of about 11